Brett Larsen

“During the 2026, we continued to provide our customers with options to better manage macroeconomic uncertainties and enhance our potential for profitable long-term growth.”

“Moving into fiscal 2026, the uncertainty surrounding global tariffs and the macroeconomic outlook continued to delay new program ramps for many of our customers.”

“Fiscal 2025 was a year of transition and uncertainty. We anticipated a reduction of demand from two long-standing customers. We had fully expected to fill that void with recently won new programs.”

“The rapid, unprecedented increases and decreases in tariffs have significantly impacted both our business and our customers. As previously announced, we’re underway with the buildup of new production capacity in both Arkansas and Vietnam.”

“While we're disappointed with the unexpected decline in revenue in the second quarter of fiscal 2025, we expect our revenue and earnings to recover in the third quarter of fiscal year 2025 as strategic initiatives undertaken in previous quarters come to fruition.”